$Mill City Ventures III (MCVT.US)$It is a loan service for s...
$Mill City Ventures III(MCVT.US$It is a loan service for small businesses. It just went public in 2022. Revenue just rose to 2.65 million in 2021, and net profit increased to 2.83 million. Interest income in revenue was slightly higher than non-interest income.
Revenue declined by 28% in the first three quarters of 2023, mainly due to a severe decline in non-interest income, and net profit falling to 890,000.
The balance ratio is currently 12.2%, and total assets are only 21.26 million.
At present, the company has not yet grown in scale, so it is not worth much to ordinary investors.
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